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TDI
- 1. “A Call to Arms” for The Local Developer April 28th, 2016 10:45-11:45
- 2. • Anne Haynes- Director of Transformative Dev.- MassDevelopment • John Simone- Executive Director- Connecticut Main Street Center • Scott Wolf- Executive Director- Grow Smart Rhode Island “A Call to Arms” Catalyzing Local Developers
- 4. The Problem Connecticut’s downtown properties are needlessly under-utilized and under-valued.
- 5. Comparison
- 6. The Opportunity People want to live in authentic, compact places where one can walk to shops and services. .
- 7. The Challenge Mixed-use/mixed-income development has become a lost art form.
- 8. A pilot program with the CT Housing Development Authority Working on the Solution
- 9. Overall Findings Discover, encourage & support urban pioneers It takes a village to bring old buildings back to life Small deals need easy-to-cook “lasagna” financing recipes
- 10. Downtown Development Audit Recommendations for regulatory changes, parking requirements, marketing and financial incentives Program
- 11. Program Model Building Analysis Assistance to Property Owners
- 13. Waterbury
- 14. New Britain
- 15. Meriden
- 16. Meriden
- 17. Meriden
- 18. What’s Next? Tax-Increment Financing Districts Cultivating a cottage industry of small-deal professionals – developers, contractors, lenders, TA providers Integrating all state resources Don’t forget the first floor commercial
- 19. Connecticut Main Street Center c/o CL&P PO Box 270 Hartford CT 06141 860-280-2337 info@ctmainstreet.org www.ctmainstreet.org
- 21. Gateway Cities ©2013MassDevelopment 21 There are 26 Gateway Cities legally defined as cities with: •Population between 35,000 and 250,000; •Median household income below the state median; •And a lower percentage than the state average of adults with a college degree.
- 22. Gateway Cities are a critical part of the Commonwealth
- 23. Gateway Cities are still relevant for investment
- 24. Brownfield Redevelopment Fund, Cultural Facilities Fund, Manufacturing Futures Fund ©2013MassDevelopment 24 Key Programs for Gateway Cities FY 2015—Agency Results MassDevelopment Overview Finance Programs Real Estate Planning & Development TDI
- 25. ©2014MassDevelopment 25 [TDI] An integrated place-based approach designed to implement locally initiated, strategic, catalytic, and sustainable revitalization activities.
- 26. [TDI] Districts in Development ©2013MassDevelopment 26 Designated by MassDevelopment Review Committee on 12/5/14, approved by MassDevelopment Board on 12/10/14 Each District Gets:
- 27. ©2014MassDevelopment 27 [TDI] Integrated Tool Box Approach
- 28. 28 Y1 Y2 Y3 Increased Tax Base Higher Valuation Jobs & Opportunities Higher Median Incomes Increased private investments FUTURE: [TDI] Process
- 29. [TDI] Transformative Development Initiative Technical Assistance Workshops ©2013MassDevelopment 29 [TDI] Assistance: Engagement
- 30. [TDI] Places: Peabody Parklet ©2013MassDevelopment 30 $6000 Award New Main St Activity & New Repeat Customers to Businesses 2 Business Pop Ups
- 31. [TDI] Cowork: New Bedford – Groundwork! ©2013MassDevelopment 31 $150,000 Award $150,000 Match 20 members (9/15) 20+ events OPENING!
- 32. [TDI] Transformative Development Initiative Capacity: Fellows Program ©2013MassDevelopment 32 Role/Structure • 3- Year terms, In Partner’s Office & Mobile • Feet on the ground-IMPLEMENTATION, CONNECTIVITY, VISIBILITY • Workplan set with TDI Partnership & MassDevelopment • Cohort Building • Visits to each district, related cities • Weekly calls—independent & with director • Developing ‘Cohort Pilot Project’: Storefront Activation
- 33. [TDI] Transformative Development Initiative Range of Investments Identified ©2014MassDevelopment 33 All Projects considered for: •Prior involvement/ knowledge of project •Reviewed with key criteria of availability& ownership, location, partnership priority, current use, size •Some projects already in active investment •Some projects better suited to MDFA Finance and other sources.
- 34. ©2013MassDevelopment 34 Stearns Square, Springfield $600K Acquisition Multi-Phase Redevelopment with Partnership: •Starting with new retail/cafe for seeding Dining District •City to upgrade Stearns Square Park •BID to provide Stearns Square District Improvement Fund •Coordinate with Active Use Strategy Recruiting (TA) •Continued BID programming at Stearns Square
- 35. But Houston we have a problem…..and opportunity Who can we partner with to redevelop this scale?
Hinweis der Redaktion
- The Challenge: Despite all the benefits of focusing growth in downtowns and that there is a strong demand for this kind of growth, this kind of mixed-use/mixed-income development has become a lost art form after 60+ years of single-use, car-oriented development. It is even more challenging in downtown, where there are multiple property owners and uses that all need to be coordinated and integrated. An effective downtown management program is essential for building the needed capacity, expertise and consensus. Impediments to mixed-use development include: An unsupportive regulatory environment Lack of financing options The perception that density leads to blight, overcrowding and loss in value With this program we plan to address and begin to conquer these and other impediments. The goals of the Come Home to Downtown program are: To provide public and private champions and partners with strategic tools to allow them to create or enhance a strong downtown management program; To set the stage, through regulatory reform, technical assistance and the creation of financial tools, to attract developers and “mom and pop” building owners to redevelop vacant or underutilized buildings with a mix of uses and housing choices; and To design, implement and measure outcomes of projects that can be replicated in other communities across Connecticut
- The Come Home to Downtown Pilot Program is designed to explore downtown redevelopment issues in depth and to develop new strategies to respond to changing demographics and market dynamics within Connecticut’s downtowns. We expect that the results of this program will bring new models for mixed use development and redevelopment to CT communities.
- Year 2 Program Overview Downtown Development Audit – look at existing downtown development environment and determine what changes are needed to make more welcoming and to encourage redevelopment Looked at zoning & permitting & design guidelines, tax incentives & other financial resources
- Model Building Analysis Goal to select representative examples of mixed use buildings typically found in Connecticut – to be replicable in other communities. Recommended how the buildings can be physically redeveloped to accommodate housing on upper floors and commercial uses on ground floors. Architect will share the conceptual floor plans he developed. These are the buildings we worked with this year – NB and Meriden. Assistance to Property owners Many downtown property owners do not have experience with this type of redevelopment or any development. Often small business with no construction or residential property management experience. Need support and guidance on all aspects of the redevelopment process, from planning & design, to construction & financing, to marketing and managing rental property.
- Downtown Management Assistance CMCS is continuing to work with these communities to increase their capacity to promote downtown redevelopment. New Britain has the NB Downtown District/BID – continue to work with them to identify ways they can support downtown redevelopment
- – one at a time pictures…